Bitcoin hit $103,000 Thursday morning after reaching the coveted $100,000 degree Wednesday night time.
On Reality Social, Trump posted concerning the milestone providing congratulations and taking credit score for the rally, writing, “You are welcome!”
Why Is Bitcoin Surging?
Since Donald Trump gained the 2024 election, Bitcoin has grown by 40%, and consultants are enthusiastic that the President-elect’s insurance policies shall be a boon for cryptocurrency.
Bitcoin hit the $100,000 mark after Trump named the “crypto-friendly” CEO and Founding father of Patomak World Companions Paul Atkins to steer the SEC, per the WSJ.
On Reality Social, Trump wrote that Atkins, a former SEC commissioner, is a “confirmed chief for widespread sense laws.”
“He additionally acknowledges that digital belongings & different improvements are essential to Making America Better than Ever Earlier than,” Trump wrote.
Senator Kirsten Gillibrand, D-NY, instructed Yahoo Finance Wednesday that Atkins “may very effectively be a great SEC head.”
Experiences that Trump is wanting into making a “crypto czar” position in his administration have additionally helped the rally, per Reuters.
